Coordinates: 60°59′07″N 42°09′44″E / 60.98528°N 42.16222°E / 60.98528; 42.16222
The Pezhma (Russian: Пежма) is a river in Vozhegodsky and Verkhovazhsky Districts of Vologda Oblast and in Konoshsky and Velsky Districts of Arkhangelsk Oblast in Russia. It is a left tributary of the Vaga River. It is 137 kilometres (85 mi) long, and the area of its basin 1,450 square kilometres (560 sq mi). Its main tributary is the Semzhenga (left).
The source of the Pezhma is in the northern part of Vozhegodsky District. The Pezhma initially flows east, a stretch of its course forms the border between Vozhegodsky and Konoshsky districts. Eventually, it turns south-east, departures from the border, and enters Verkhovazhsky District. Downstream from the village of Nikolskaya, the valley of the Pezhma is populated. In Nikolskaya, the Peshma turns north-east. At the border between Vologda and Arkhangelsk Oblasts, the Pezhma accepts from the left its major tributary, the Semzhenga. In the village of Nikiforovo the river turns east and eventually south-east. The mouth of the Pezhma is located upstream from the town of Velsk and from the mouth of the Kuloy.